Compania Anonima Nacional Telefonos de Venezuela is Added to Watch List.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-22 January 2007-Blue Chip News: Compania Anonima Nacional Telefonos de Venezuela is Added to Watch List(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:22012007 Compana Anonima Nacional Telefonos de Venezuela (CANTV) is facing the competition. Venezuela's incumbent provider of local, domestic, and international telephone service since 1930, CANTV has more than 2.5 million access lines in service.

Its Movilnet subsidiary provides wireless communications to about 2.7 million subscribers. It also offers data transmission, directory information, and public phones. US-based Verizon Communications owns 25 of CANTV. Utility Electricidad de Caracas (EDC), together with its majority owner, US-based power producer AES, tried in 2001 to take control of the...

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